Should we hold money in usdt?

[electronicash]

Anyone who consider holding any fiat or USD or USDT as investment then they don't even know the very basic  of finance.

I would better have the money in my bank compared to having in the form of USDT and it doesn't provide any security whereas holds every risk associate with crypto assets even more it can be frozen by the issuer. The only use case of stable coins is to hold in short term on exchanges to buy bitcoin and other coins.

You have a point but actually usdt is a very stable and reliable currency but about the security and that the problem but they are many different ways to have your currency secure and free fr threat or scammers . Usdt is one of the most reliable and stable currencies on crypto market it really dependent . Having a money is account isn’t a bad idea but in cryptocurrency it worth more profitable and reliable.

they are both unsafe when it comes to money.  its like putting all your eggs in one basket.

while usdt can be frozen the money in the bank account is not so different where you may not be able to withdraw the money as well. we have seen many bank reported to be insolvent and are not allowing withdrawals.

however if you are to reinvest again in crypto when the bear market hits the bottom, usdt is probably best because you can just deposit the USDT to an exchange and then buy whichever assets you wanted to buy.

[TomPluz]

One must have a solid reason why he/she should be holding USDT or any stablecoin for that matter. Like one can be taking advantage of a staking program where USDT is required. In most cases, USDT is very useful in trading and in exchanging assets in many platform. Unlike many other coins and tokens in the market, USDT as a stablecoin will not be gaining or losing any value as pegged on the dollar. There are some serious issues with stablecoins as we know them...one they are really centralized and many of them are not so honest with their reserves or the assets backing them up. In summary, I do not see a big reason to be holding USDT like we are holding cash in our wallets or in the banks.

[Jating]

One must have a solid reason why he/she should be holding USDT or any stablecoin for that matter. Like one can be taking advantage of a staking program where USDT is required. In most cases, USDT is very useful in trading and in exchanging assets in many platform. Unlike many other coins and tokens in the market, USDT as a stablecoin will not be gaining or losing any value as pegged on the dollar. There are some serious issues with stablecoins as we know them...one they are really centralized and many of them are not so honest with their reserves or the assets backing them up. In summary, I do not see a big reason to be holding USDT like we are holding cash in our wallets or in the banks.

Exactly, it's not a crypto that you can earn money because of it's volatility. It is peg 1:1 to US dollar. The only thing it can offer to us is that we can used it as safe haven during periods of volatility, we can just move our money to them and let the market settle down first. Another advantage is that it's easy to transfer as payments, although it will still have some tx fees that needs to be covered, but still good and very quick if we are going to used it as efficient payment method against traditional crypto like Bitcoin.